ADIA Pumps $200 Mn into Meril, Valuing Indian MedTech Major at $6.6 Bn

In a big move in India’s MedTech space, the Abu Dhabi Investment Authority (ADIA) is investing USD 200 million for a ~3% stake in Meril, a leading medical devices firm based in Vapi, Gujarat. This values Meril at a whopping USD 6.6 billion.

Meril, founded by the Bilakhia Group, is known for its cutting-edge innovations in cardiovascular devices, surgical robotics, orthopaedics, and diagnostics. It exports to over 150 countries, employs 13,000+ people, and runs 12 global training academies. The company’s 100-acre campus is powered entirely by renewable energy—a nice touch of sustainability in high-tech healthcare.

This deal, pending approval from the Competition Commission of India, will see Meril backed by two global giants: ADIA and Warburg Pincus. It’s a strong signal of confidence in India’s growing medical manufacturing ecosystem.

With operations in 150+ countries across Asia, Europe, North America, South America, Africa, and Oceania, Meril has built a robust international presence, positioning itself as a key player in the global MedTech landscape.

Meril has 100-acre campus in Vapi, India, with vertically integrated R&D and manufacturing facilities.